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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Net sales and operating revenues $ 15,379 $ 17,450 $ 11,763
Costs and expenses      
Cost of sales (exclusive of depreciation and amortization) 13,402 14,912 10,002
Selling, general, and administrative 889 1,138 752
Depreciation and amortization 639 673 345
Engineering, research, and development 273 324 200
Restructuring charges, net and asset impairments 622 126 117
Goodwill and intangible impairment charges 383 241 3
Costs and expenses 16,208 17,414 11,419
Other income (expense)      
Non-service pension and postretirement benefit (costs) credits 18 (11) (20)
Equity in earnings (losses) of nonconsolidated affiliates, net of tax 47 43 18
Gain (loss) on extinguishment of debt 2 0 (10)
Other income (expense), net 38 53 (10)
Total other expense (income) 105 85 (22)
Earnings (loss) before interest expense, income taxes, and noncontrolling interests (724) 121 322
Interest expense (277) (322) (148)
Earnings (loss) before income taxes and noncontrolling interests (1,001) (201) 174
Income tax (expense) benefit (459) (19) (63)
Net income (loss) (1,460) (220) 111
Less: Net income (loss) attributable to noncontrolling interests 61 114 56
Net income (loss) attributable to Tenneco Inc. $ (1,521) $ (334) $ 55
Basic earnings (loss) per share:      
Basic earnings (loss) per share of common stock (in dollars per share) $ (18.69) $ (4.12) $ 0.93
Weighted average shares outstanding (in shares) 81,378,474 80,904,060 58,625,087
Diluted earnings (loss) per share:      
Diluted earnings (loss) per share of common stock (in dollars per share) $ (18.69) $ (4.12) $ 0.93
Weighted average shares outstanding (in shares) 81,378,474 80,904,060 58,758,732